Greenville, S.C. (March 31, 2017) – Renewable Water Resources (ReWa) has announced that Moody’s Investors Service upgraded the Agency’s credit rating on senior-lien revenue bonds one notch to Aa1 from Aa2and upgraded the junior-lien revenue bonds rating two notches to Aa1 from Aa3.
The Aa1 rating reflects ReWa’s well-managed financial position and the continued growth of Greenville’s economy. The Aa1 rating should allow ReWa to obtain lower interest rates on future borrowings.
"ReWa is delighted to receive the Aa1 rating from Moody’s Investors Service on all outstanding debt in recognition of our strong financial management and diverse service area,” said Patricia Dennis, the agency’s controller. “ReWa takes its responsibility to rate payers very seriously and is a proud steward of our environmental and fiscal resources. This Aa1 rating will reduce ReWa’s future borrowing costs and ultimately benefit all rate payers.”
About Renewable Water Resources (ReWa):
ReWa’s goal is to promote a cleaner environment, and to protect the public health and water quality of the Upstate waterways, while providing and developing the necessary sewer infrastructure for the growing economy. ReWa serves more than 400,000 industrial, commercial and residential customers in Greenville County and parts of Anderson, Spartanburg, Pickens and Laurens Counties. Learn more at www.rewaonline.org.